"They were inadvertently sent early to a list of individuals who normally receive the minutes by e-mail shortly after their usual release time"
- The Federal Reserve
Latest minutes from the Fed meeting showed that some members of the Federal Open Market Committee suggest the central bank should begin tapering its bond buying programme later this year and stop it already by the end of 2013. At the meeting on the March 19-20, Bernanke decided to continue its quantitative easing programme, since it is the third such effort to boost economic growth in the wake of the recession. In the meantime, the latest data are raising concerns that the QE is not working properly, as the economy added just 88,000 jobs in March, the fewest in nine month.
"They were inadvertently sent early to a list of individuals who normally receive the minutes by e-mail shortly after their usual release time," the Fed said in a statement. "The individuals on the distribution list -- primarily congressional employees and employees of trade organizations -- received the minutes shortly after 2 p.m. Tuesday."
"A few members felt that the risks and costs of purchases, along with the improved outlook since last fall, would likely make a reduction in the pace of purchases appropriate around midyear, with purchases ending later this year."
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